Comcast Co. (NASDAQ:CMCSA – Get Rating) was the target of a significant decline in short interest in the month of October. As of October 31st, there was short interest totalling 73,600,000 shares, a decline of 7.4% from the October 15th total of 79,500,000 shares. Currently, 1.7% of the company’s shares are short sold. Based on an average daily trading volume, of 27,310,000 shares, the short-interest ratio is currently 2.7 days.
Comcast Stock Performance
Shares of CMCSA stock opened at $33.98 on Thursday. The stock has a market capitalization of $146.91 billion, a P/E ratio of 29.55, a PEG ratio of 0.72 and a beta of 0.99. The company has a current ratio of 0.84, a quick ratio of 0.84 and a debt-to-equity ratio of 1.18. The firm’s 50 day moving average is $31.77 and its 200 day moving average is $37.15. Comcast has a 12 month low of $28.39 and a 12 month high of $53.79.
Comcast Announces Dividend
The company also recently announced a quarterly dividend, which will be paid on Wednesday, January 25th. Shareholders of record on Wednesday, January 4th will be paid a $0.27 dividend. This represents a $1.08 annualized dividend and a yield of 3.18%. The ex-dividend date of this dividend is Tuesday, January 3rd. Comcast’s dividend payout ratio is presently 93.91%.
Analyst Ratings Changes
Institutional Trading of Comcast
Institutional investors and hedge funds have recently bought and sold shares of the company. Financial Gravity Asset Management Inc. raised its position in shares of Comcast by 1,476.6% during the 2nd quarter. Financial Gravity Asset Management Inc. now owns 741 shares of the cable giant’s stock valued at $4,347,000 after buying an additional 694 shares in the last quarter. Albion Financial Group UT raised its position in shares of Comcast by 550.0% during the 1st quarter. Albion Financial Group UT now owns 1,027 shares of the cable giant’s stock valued at $48,000 after buying an additional 869 shares in the last quarter. Parkside Investments LLC purchased a new stake in shares of Comcast during the 1st quarter valued at $48,000. Hardy Reed LLC purchased a new stake in shares of Comcast during the 1st quarter valued at $50,000. Finally, Mach 1 Financial Group LLC purchased a new stake in shares of Comcast during the 3rd quarter valued at $31,000. 82.80% of the stock is currently owned by hedge funds and other institutional investors.
Comcast Corporation operates as a media and technology company worldwide. It operates through Cable Communications, Media, Studios, Theme Parks, and Sky segments. The Cable Communications segment offers broadband, video, voice, wireless, and other services to residential and business customers under the Xfinity brand; and advertising services.
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